Business news in Pictures

Thursday, 19 December 2013
Bribery and corruption are seen as something that drive developing
economies and the expectation is that a supposedly cleans country such
as Sweden should do business void of being tarred with corruption.

Thursday, 19 December 2013
Brazil is reported to have confirms that it will buy 36 Gripen fighter
jets from the Swedish defence manufacturer Saab. Media reports hold
that it was confirmed by the country's government on Wednesday evening.
The deal was announced at a press conference in Brazil at 20 hours on
Wednesday evening, Swedish time.

Friday, 29 November 2013
Swedish / Finnish telecoms company, TeliaSonara has decided to dismiss
some core executives also known as “absolute elite”. Four people were
forced out, including vice president and CFO Per-Arne Blomquist.

Monday, 25 November 2013
Military equipment manufacturer Saab is now trying to break into the
growing multi-billion dollar market for unmanned aerial vehicles, known
as drones. As the market for these unmanned systems look to expand,
Swedish media sources reports that Saab has already gone deeper into
the market for the product.

Wednesday, 20 November 2013
All what the Swedish tax authority have done in properly managing the
Swedish tax system seem to be bearing fruits. Latest reports hold that
tax evasion among Swedish companies and Swedish entrepreneurs have
decreased in the past years.

Wednesday, 20 November 2013
Kongsberg Automotive (KA) announced that it has been awarded a contract
for the supply of a complete manual gearshift system from a major
European OEM. The shifter system will be used in B Segment cars which
will be sold in India and South America.

Wednesday, 20 November 2013
Oil and gas company, Statoil is being sued for discrimination after it
emerged that the petrol company denied Romani customers access to car
rental services. The Swedish Equality Ombudsman has decided to pursue
the case.

Sunday, 10 November 2013
That Volvocars has had it tough in the Chinese market is nothing new
according to past news reports but there seem to be a strategy on the
way for the Chinese owned Swedish brand to finally break into the
Chinese auto market and really get big.

Friday, 08 November 2013
Only one in four farmers in Sweden sees the possibility of making real
profitability in 2013, according to a report from the consulting firm
LRF Konsult which also give the impression that that this is bad year
for farmers.

Tuesday, 05 November 2013
The number of corporate bankruptcies in Sweden reached 589 in October,
representing a slight decrease compared to the same month in 2012 and
which suggest that the Swedish business environment continues to
improve.

Thursday, 24 October 2013
Cost of delayed to passengers and rental of replacement planes has now
been accounted and shows that the cost to Norwegian, the budget
airliner as a result of failure to its Dreamliner project has been
higher than expected.

Thursday, 24 October 2013
Danish industrial giant, AP Moller-Maersk Group is prepared to off load
some of its supermarket portfolios such as Netto, Føtex and Bilka. If a
suitable buyer interested in taking the stores is found.

Thursday, 24 October 2013
Ericsson's profitability has failed to lift expectation as was reported
on Tuesday. At the same time the telecom company's turnover fell
as "The sale is under some pressure," says CEO Hans Vestberg.

Thursday, 24 October 2013
The Swedish banking group SEB's operating profit of Skr4 618 million
for the third quarter of 2013. That compares with profit of Skr3.857
million corresponding period in 2012.

Wednesday, 23 October 2013
Swedish bank, Handelsbanken reported operating income for the third
quarter of 2013 of Skr4.571 million. That compares with profit of Skr
4.289 million corresponding period in 2012.

Tuesday, 22 October 2013
Swedish banking group, Swedbank reports an operating profit was
Skr5.191 million in the third quarter compared with expected Skr4.777
million, according to analysts’ consensus survey.

Monday, 21 October 2013
Denmark's defence minister Nicolai Wammen on Monday visited Sweden to
learn more about Jas 39 Gripen, making a sign of U-turn for Denmark, to
show interest in the Swedish fighter jets.

Monday, 21 October 2013
A Swedish municipality, Sandviken has a very high unemployment rate of
about 13 percent. Paradoxically, the municipality's largest company,
mining giant Sandvik, is facing a crisis of labour shortage and
desperately seeking workers.

Thursday, 03 October 2013
Defence and security company Saab announces that it has received an
order for new Acro seats in Braathens Regionals 340/2000 fleet, and
thereby will Braathens Regional be the launch customer for the
modification.

Wednesday, 02 October 2013
Norwegian Airline Company, Norwegian has applied to start a new airline
company from the Norwegian Civil Aviation authority. The Company will
primarily invest in new markets in Europe.

Monday, 30 September 2013
Swedish wealth fund, the AP Fund which manages Swedish pension money,
is not satisfied with the U.S. retail giant, Walmart's treatment of its
employees. As such the fund is withdrawing its investments on from
Wallmart.

Friday, 27 September 2013
The big Swedish corporations, those that own Swedish newspapers are
making money but not as it supposed to have been. Corporations in the
newspapers business in Sweden are making losses.

Thursday, 26 September 2013
Danish Ferry Company, BornholmerFærgen, luxury Gift Company, Georg
Jensen and Bianco Shoes, are example of Danish companies that are
registered in tax havens. They lead some more than 200 Danish companies
that have whole of part of their ownerships in various tax havens.

Tuesday, 24 September 2013
The Swedish government has made it clear that it wants to ride of what
it still owns as shares in the Nordic country's biggest bank,
Nordea. After the close of trading on Tuesday, the government announced
its intention to sell the its entire remaining shareholding, just over
7 percent of Nordea. Reports hold that demand is expected to be great.

Monday, 23 September 2013
Analysis of the Danish banking scene shows that the way the banks have
driven their businesses in the past is now pushing them deeper into
severe pressure, something that started when the financial crisis hit
in 2008. Since then, several Danish banks have collapsed and recent
review suggest that more are still to go.

Sunday, 22 September 2013
We reported last Thursday on a cyber attack that brought the Swedish
rail company, SJ, to a stand still. It emerged that a group of 16 years
old Swedish kids have claimed responsibility for the attack.

Sunday, 22 September 2013
It was reported recently that the founder and chairman of Ikea, Ingvar
Kamprad and his three sons had been at logger head after it emerged
that Komprad had a deal in which he would continue to earn big from the
Ikea brand name. He had not disclosed this to his sons who now control
the company. When it was realised it the sons ganged against their
father in a legal dispute.

Thursday, 19 September 2013
It is being reported in Swedish press sources that there has been a
serious family feud within the family of the founder of Ikea, the
Kamprad family where the father Ingvar Kamprad had to take on his
three sons in a legal suit. He was forced through that suit to
relinquish billions to the sons, a new book coming out soon reveals.

Tuesday, 17 September 2013
The Americans intelligent organisation, NSA has been accused of spying
on banking transaction in which Swedish and Scandinavian people and
their business payments and money transfers might have been affected.

Monday, 16 September 2013
The Irish budget airline Ryanair has agreed a ten-year major venture
with London-Stansted, airport which according to Ryanair can generate
up to 7,000 new jobs at the airport for five years, reports Sky News.
Many Swedes fly to and from the UK with Ryanair via Stansted airport.

Monday, 16 September 2013
Danske Bank's Board of Directors has appointed Thomas F. Borgen as new
CEO of the company, replacing Eivind Kolding whom the board thinks he
does not have the required qualities to continue the banking operations.

Monday, 16 September 2013
H&M Group total sales including VAT in local currencies increased
by 14 percent in August 2013, compared to the same month the previous
year. According to analysts on average it was expected that comparable
sales would increase by 2.5 percent and that total sales would increase
by 12.6 percent.

Friday, 13 September 2013
In the past year, the podcast format has become very popular and Fabege
is now opening a recording studio in Hammarby Sjöstad.

MTG included in Dow Jones Sustainability World and Europe indices

Friday, 13 September 2013
Modern Times Group, MTG AB today announced that it has been
included in the Dow Jones Sustainability Europe Index for the first
time, following an 11% year on year improvement in the Group’s total
Corporate Sustainability Assessment score.
by Scancomark.com

Atlas Copco again on Dow Jones Sustainability Index

Friday, 13 September 2013
Atlas Copco, a leading provider of sustainable productivity solutions,
was included in the Dow Jones Sustainability Index for 2013/2014.
The index lists the world’s leading sustainability-driven companies.
by Scancomark.com

Thursday, 12 September 2013
The Swedish arms manufacturer Saab continues to remain on the positive
side of the news after it emerged today that through its
co-operations with the U.S. Boeing, it now plans to offer Gripen
aircraft to the U.S. Air Force's educational TX future trainer
requirement.

Thursday, 12 September 2013
The business activity in the Swedish engineering industry reflects a
modest recovery during the third quarter 2013. New orders continue to
grow, but at a slightly slower pace, according to Teknikföretagen's
Business Activity Survey.

Wednesday, 11 September 2013
The Swiss Parliament's main chamber, the National Council has voted
positively in favour of buying 22 Swedish Saab made Gripen fighter
jets. This vote has been highly anticipated by the Swedish authorities
in order to have confident in the project.

Wednesday, 11 September 2013
Swedish Defence group, Saab 's hopes of selling the Gripen fighter jets
to Brazil in increasing as Brazil enters into a stress zone with the
USA after it emerged recently that the USA could have been taping
information for that country.

Monday, 09 September 2013
Reputation is a key to the success of a brand. For this reason,
organisation and many companies in the past years have been working
very hard or made to feel that they have been working hard to improve
their reputation. Nevertheless, the question is emerging as have they
really been doing what they say the do?

Thursday, 05 September 2013
The collaboration between Karo Bio AB and Pfizer Inc. has successfully
resulted in a significant achievement within the RORgamma project
triggering the first milestone payment to Karo Bio.

Thursday, 05 September 2013
Kongsberg Automotive (KA) delivers the “crystal shifter system” to
Volvo’s latest concept that will be on display at IAA (Internationale
Automobil-Ausstellung) in Frankfurt that opens next week, in a press
release announcement.

Wednesday, 04 September 2013
Airliner, SAS reported increased profits in the recent quarter. Profit
before tax was Skr 1.1 billion, Skr 300 million better than analysts
had expected and also a big improvement over a year ago.

Wednesday, 04 September 2013
As the lord of all low price carriers, Ryanair starts seeing the
reaction of poor customer services and excessive additional costs
affecting its bottom line, the top management is now warning of t
profits shortfall for this year.

September 3, 2013
Compressors, expanders and air treatment systems, construction and
mining equipment company, Atlas Copco announced that it is reducing
capacity at its facility in Örebro, Sweden, in response to continued
weak global demand for mining equipment.

Tuesday, 03 September 2013
Microsoft said it has reached an agreement to acquire the handset and
services business of Nokia for more than $7.1 billion, in an effort to
transform Microsoft’s business for a mobile era that has largely passed
it by.

Monday, 02 September 2013
The new Chief Executive Officer of Ikea, the world largest furniture
retailer has decided to slow down the rate of growth of the company's
expansion rate. This comes after his predecessor had pledge to double
the pace of store openings something now being described as a power and
strategy shift

Monday, 02 September 2013
Defence group Saab wants to do away with 70 employees in the
business area Dynamics based in Karlskoga. The reason is the decline in
orders. The negotiations will start today with workers and their
representatives.

Friday, 30 August 2013
Pharmacy company, Meda announced that it has signed an agreement to
acquire the US development company Acton Pharmaceuticals, Inc.
(“Acton”) including the proprietary product Aerospan.

Thursday, 29 August 2013
Agrokultura AB announces that it has almost completed the harvest of
the winter planted crops for 2013 and the yields are up across the
board compared to last year, with in particular notable improvements in
the winter rape in Ukraine and the winter wheat in central Russia.

Thursday, 29 August 2013
Michael O'Leary, CEO of "budget airliner" Ryanair reacted
on Thursday in a press conference in the Swedish capital Stockholm, to
accusation meted on his company as being one of the worse in the
industry in terms of safety and working conditions.

Thursday, 29 August 2013
Life science-company, Allenex announces that its
application to sell AbSorbers product for antibody detection, XM-ONE®,
in Mexico has been approved by local regulatory authorities.

Tuesday, 27 August 2013
The Swiss political machinery has accepted that they would go ahead
with the Gripen deal. That process took a step forward today when the
security committee of the National Council voted yes to the deal.

Monday, 26 August 2013
The Swedish Financial Services Authority, Finansinspektionen (FI) is
excited that it has been provided with a new powers to put pressure on
Swedish banks to reduce their over reach and work harder to earn their
huge profits.

Friday, 23 August 2013
Ikea founder, Ingvar Kamprad is know for being very careful with the
penny but what is not much talked about is his philanthropic heart
especially in Sweden. A reminder of that came when a healthcare centre
was shocked by a donation to them from eh Ikea superman.

Wednesday, 21 August 2013
Danish Coloplast is Scandinavia's most innovative companies as it
emerged 12th of the world's 100 most innovative companies as classified
as by the renowned business magazine, Forbes as it list the
world’s 100 most innovative companies.

Wednesday, 21 August 2013
Swedish private school system has been hailed by the like of the UK as
models to improve their own failing school system. However, the problem
here is that the Swedish private school system is failing as most of
the companies running these schools are going bust day by day.

Wednesday, 21 August 2013
Danish wind Energy Company Vestas Wind appoints Anders Runevad as new
president and CEO. He succeeds Ditlev Engel who, after eight years is
leaving the company.
Anders Runevad comes from Ericsson, where he was most recently head of
Western, and Central Europe.
More reporting from Bloomberg News